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Africa’s first hydrogen power plant in Namibia to produce electricity by 2024

The green hydrogen power plant in Namibia — the first in Africa — will start producing clean electricity power, 24 hours a day all-year round, by 2024. French independent power producer HDF Energy expects that, once operational, its Swakopmund green hydrogen power plant, built to the tune of $181mil., will boost electricity supply in the […]

Morocco Bolsters its F16 Jets with AMRAAM Missiles

Morocco will bolster the defense capabilities of its F16 fighter jets with the acquisition of advanced medium range air-to-air AMRAAM missiles, the Pentagon said in a press release. A contract has been signed between Morocco’s air force and the US defense contractor, Raytheon, providing for the acquisition of the air-to-air missiles as well as for […]

Rise of the ‘Renmimbi’ to the International Stage: A Win-Win Game for the Emerging Multi-Polar Global Economy

Empirical studies show that the international monetary system is already tripolar. The Chinese currency, the renmimbi, has increasingly become a reference currency, as one which exhibits a high degree of co-movements with other currencies. In the wake of the 2008 financial crisis, the renmimbi has accelerated its standing as the East-Asia exchange rate reference currency […]